Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,306 shares of the industrial products company’s stock after selling 651 shares during the period. Isthmus Partners LLC owned 0.33% of Hyster-Yale Materials Handling worth $40,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HY. CWM LLC grew its position in shares of Hyster-Yale Materials Handling by 0.5% in the 2nd quarter. CWM LLC now owns 41,992 shares of the industrial products company’s stock valued at $2,928,000 after buying an additional 192 shares during the last quarter. Summit Global Investments grew its holdings in shares of Hyster-Yale Materials Handling by 2.4% during the second quarter. Summit Global Investments now owns 10,334 shares of the industrial products company’s stock worth $721,000 after purchasing an additional 240 shares during the last quarter. Mcdonald Partners LLC increased its position in shares of Hyster-Yale Materials Handling by 0.9% during the second quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company’s stock worth $2,807,000 after purchasing an additional 352 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 395 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Hyster-Yale Materials Handling in the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Price Performance

HY traded down $1.77 on Friday, hitting $57.44. 66,529 shares of the company were exchanged, compared to its average volume of 97,459. The business’s fifty day moving average is $66.97 and its 200 day moving average is $66.51. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $84.44. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.31. The firm has a market capitalization of $1.00 billion, a P/E ratio of 6.66 and a beta of 1.31.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $1.30. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same quarter in the previous year, the company posted $2.21 EPS. As a group, sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.91 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.44%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 16.22%.

Analyst Ratings Changes

Several research analysts have commented on HY shares. Northland Capmk lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Roth Mkm reiterated a “buy” rating and issued a $84.00 price target (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. Finally, Northland Securities upgraded shares of Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hyster-Yale Materials Handling has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.